Investment analysts at Cowen initiated coverage on shares of Williams-Sonoma (NYSE:WSM) in a report issued on Thursday, The Fly reports. The brokerage set an “outperform” rating on the specialty retailer’s stock.
Other equities analysts also recently issued research reports about the company. Barclays raised their target price on Williams-Sonoma from $144.00 to $187.00 and gave the company an “overweight” rating in a research report on Wednesday, March 24th. Wedbush raised their target price on Williams-Sonoma from $132.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, March 18th. Telsey Advisory Group raised their target price on Williams-Sonoma from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, April 1st. Oppenheimer restated a “hold” rating and issued a $136.00 target price on shares of Williams-Sonoma in a research report on Thursday, March 18th. Finally, Wells Fargo & Company lifted their price objective on Williams-Sonoma from $135.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 23rd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $142.68.
Shares of WSM opened at $178.61 on Thursday. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of 0.22. Williams-Sonoma has a 12 month low of $45.58 and a 12 month high of $188.23. The stock’s 50 day moving average is $149.89 and its two-hundred day moving average is $118.33. The firm has a market cap of $13.61 billion, a P/E ratio of 34.41, a PEG ratio of 2.61 and a beta of 1.63.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Tuesday, March 16th. The specialty retailer reported $3.95 EPS for the quarter, beating the consensus estimate of $3.22 by $0.73. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.18 billion. Williams-Sonoma had a return on equity of 36.53% and a net margin of 6.83%. Williams-Sonoma’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company earned $2.13 earnings per share. Equities research analysts forecast that Williams-Sonoma will post 6.38 EPS for the current year.
In other news, CEO Laura Alber sold 15,000 shares of Williams-Sonoma stock in a transaction on Tuesday, January 12th. The stock was sold at an average price of $115.36, for a total value of $1,730,400.00. Following the completion of the sale, the chief executive officer now directly owns 414,294 shares of the company’s stock, valued at $47,792,955.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan Ross sold 4,420 shares of Williams-Sonoma stock in a transaction on Tuesday, March 23rd. The shares were sold at an average price of $180.00, for a total value of $795,600.00. Following the completion of the sale, the insider now directly owns 10,860 shares of the company’s stock, valued at $1,954,800. The disclosure for this sale can be found here. Insiders sold 29,420 shares of company stock valued at $3,793,700 over the last ninety days. Insiders own 1.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WSM. DB Wealth Management Group LLC acquired a new position in Williams-Sonoma during the 4th quarter worth $28,000. Simon Quick Advisors LLC acquired a new position in Williams-Sonoma during the 4th quarter worth $28,000. JJJ Advisors Inc. grew its stake in Williams-Sonoma by 594.0% during the 4th quarter. JJJ Advisors Inc. now owns 347 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 297 shares in the last quarter. Twin Tree Management LP acquired a new position in Williams-Sonoma during the 4th quarter worth $39,000. Finally, Optimum Investment Advisors acquired a new position in Williams-Sonoma during the 4th quarter worth $51,000. 98.58% of the stock is owned by institutional investors and hedge funds.
Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.
See Also: What are benefits of a growth and income fund?
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.